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Permian drillers brace for slowdown on challenging demand outlook

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Listen: Permian drillers brace for slowdown on challenging demand outlook

Pioneer CEO Scott Sheffield sees Permian production growth slowing next year, but he still thinks the basin will eventually pump a staggering 8 million b/d.

In an interview with Capitol Crude at the Center for Strategic and International Studies, Sheffield shared his views on breakeven oil prices, President Trump's oil diplomacy by tweet, and the fracking ban proposed by several Democratic presidential contenders.

Will global oil refiners ultimately need all of the light crude the Permian is projected to produce?

Sarah Emerson, managing principal of ESAI Energy, joined Capitol Crude to share her global demand outlook (14:14). It paints a challenging picture for US drillers.